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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. but i'm still stubbed up
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf....
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thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern california, into portland and seattle. this is the fourth big rainmaker to hit that area in a week. and this time, it could dump up to five inches of rain and cause even more flooding and destruction. abc's brandi hitt has the latest. >> reporter: after several days of drenching rain, downed trees, flooding and rockslides, families throughout the west are finally getting a break in the severe weather to clean up. three storms have slammed through the region in less than a week, dumping up to a foot of rain in some areas. washing out entire roads. and even creating this 20-foot sinkhole in lafayette, california. the other big
thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern...
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Dec 3, 2012
12/12
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this is similar, except it will focus on the fiscal cliff. $2,000 is the amount the average american will see taxes increase by if they can't get a deal done. i've been looking at the entries to this hash tag, it's mixed so president obama can expect tough x questions. one person writes in, why don't republicans in congress realize that when we voted for you we voted for your tax plan. that's one person. another writes in, what are you willing to compromise with the gop to get this fiscal cliff stuff done? i think president obama preparing to answer some tough questions from voters. over the weekend house speaker john boehner said these negotiations are nowhere. jay carney disagrees with that assessment. now phone calls at this point between president obama and congressional leaders, but the white house says the talks will be ongoing over the next several days, tamron. >> thank you. the president's q and a on twitter comes days after republicans flat-out rejected his opening bid in negotiations. house speaker john boehner appeared on one sunday morning talk show to see the president'
this is similar, except it will focus on the fiscal cliff. $2,000 is the amount the average american will see taxes increase by if they can't get a deal done. i've been looking at the entries to this hash tag, it's mixed so president obama can expect tough x questions. one person writes in, why don't republicans in congress realize that when we voted for you we voted for your tax plan. that's one person. another writes in, what are you willing to compromise with the gop to get this fiscal cliff...
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the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british style signs. on. the. market why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report. if. soon which brightened a few nibbles from finest impressions. screens totty dot com. will fall into the true science technology innovation all the news developments from around russia we've got the future covered. it all. skewed. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for tuesday december fourth two thousand and twelve the g.o.p. has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving
the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british style signs. on. the. market why not come to. find out what's really happening to the global economy with max cons or for a no holds...
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Dec 1, 2012
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at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel that the real reason we're goeng to get a fiscal cliff resolution, whether tas little tinkering or something bigger wasn't because they wanted to be home for christmas. >> i certainly don't think they should go home before the situation is resolved, but i also think when you're looking at what kind of congress you want, you want a responsive congress, rooted in american communities, not inside the beltway. >> you would want mondays and fridays off, too, and you're trying to make the argument. >> americans want their leaders to work, period. >> thanks to both of you. "outfront" next, breaking news. the billionaire software tycoon is on the run and martin savidge just literally caught him. he was running. he's going join us with that right after this. he's getting it ready for you at this instant and it's going to be a lot harder to spot the things that spot you because we've got drones that are now desi
at least let's fix the fiscal cliff and make sure that american families aren't faced with possible larger tax bills come january. >> wouldn't it just make you feel better if you didn't feel that the real reason we're goeng to get a fiscal cliff resolution, whether tas little tinkering or something bigger wasn't because they wanted to be home for christmas. >> i certainly don't think they should go home before the situation is resolved, but i also think when you're looking at what...
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Dec 7, 2012
12/12
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cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally adjourn by the end of the year on december 14th but house majority leader says they will stay in session until a cred credible solution is worked out. >>> it could be a big day in the battle o of same sex mainly. the -- marriage. the justices are being asked to overturn a lower court ruling that the prop 8 ban on gay marriage is unconstitutional. they may decide to hear the case or they could let the ruling by the lower court stand which could pave the way for gay marriages to resume in california. >>> a man is in serious condition after falling 30 feet at the oakland coliseum. it happened last night during the raider b
cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally...
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Nov 29, 2012
11/12
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he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on families making less than $250,000 a year. once that's done they can work on other details such as spending cuts and changes to the tax code, medicare and medicaid. >> he's out there campaigning for his position. i get it. we understand it. at the end of the day he has to lead on this issue. >> reporter: some republican lawmakers have said they are willing to compromise on the tax issue. oklahoma representative tom cole said the gop should sign off on the middle class extension. but house speaker john boehner isn't ready to budge yet. >> it will h
he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a...
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Dec 5, 2012
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... a
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the...
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Nov 30, 2012
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he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists th
he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy...
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Dec 5, 2012
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the tax hike on most americans if we go over the fiscal cliff and taxes go up across the board, $167 a month. that's about the same as two people's smartphones at home. that's not even a bill they had ten years ago. let's talk more about it. joining us, jared bernstein, senior fellow at the center on budget and policy priorities. nicole wu, director of domestic policy at the center for economic and policy research. jared, i'm not suggesting we go over it but i think you get my point. we spend a lot of money on a lot things, some of which we need, some of which we don't. why would a 200-month tax raise destroy the economy but spending $200 a month on a smartphone somehow doesn't? >> because of the aggregation problem. if you just look at one person it doesn't look so bad. but when you sum it up across 300 million americans and you factor in that 70% of our gdp is consumer spending, in europe it is about 55% so we're more dependent on the consumer for our growth -- then you understand why the congressional budget office -- i don't think they've ever done this before -- is actually pred
the tax hike on most americans if we go over the fiscal cliff and taxes go up across the board, $167 a month. that's about the same as two people's smartphones at home. that's not even a bill they had ten years ago. let's talk more about it. joining us, jared bernstein, senior fellow at the center on budget and policy priorities. nicole wu, director of domestic policy at the center for economic and policy research. jared, i'm not suggesting we go over it but i think you get my point. we spend a...
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Dec 3, 2012
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people here are worried about the fiscal cliff and the potential impact that it could have on american consumers as well as the factories here. eunice yun, cnbc, beijing. >> are those fears right, is the the expansion just investment-led and therefore not worth as much and that seems to be the insinuation? >> also i think china and china manufacturing has always historically been investment led anyway. much less consumer dependent than what we see maybe in europe and the u.s. but, yes, that meeting is just back into expansion territory. that's good in itself. global growth will be looking for china to be going ahead. so good but modest. so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big growth engines to help them, as well. >> what's the chinese swing factor for investors? >> sitting in europe clearly it's something we focus upon. is it a driving force, absolutely not. the tail risk i think is
people here are worried about the fiscal cliff and the potential impact that it could have on american consumers as well as the factories here. eunice yun, cnbc, beijing. >> are those fears right, is the the expansion just investment-led and therefore not worth as much and that seems to be the insinuation? >> also i think china and china manufacturing has always historically been investment led anyway. much less consumer dependent than what we see maybe in europe and the u.s. but,...
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so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the pr
so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in...
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Nov 29, 2012
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funker oh the showdown on the fiscal cliff, president obama today met with middle class americans, corporate executives and he was urging supporters to use #my2k to determine how tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime you're blinging people into the halls of capitol hill, this is one of the most polarized congresses we have seen. compromise has not been king of the hill for sometime now. i'm not sure it works. last year, bringing public pressure to the payroll cut extension through congress. i'm not sure it works this time, but it's an innovative way to get folks engaged. >> of course all of this negotiation around the fiscal cliff, the president actually indicated today that he might be president-electable. he says he's not necessarily looking for income tax rates as high as they were under president clinton. secretary geithner is going to meet with congressional leaders tomorrow. do you think they will demonstrating some wiggle ro
funker oh the showdown on the fiscal cliff, president obama today met with middle class americans, corporate executives and he was urging supporters to use #my2k to determine how tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime you're blinging people into the halls of capitol hill, this is one of the most polarized congresses we have...
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a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts. >> reporter: and they insist there's good reason why people making over $250,000 a year should not pay more. >> when you raise tax rates, you're impacting the small businesses that create the jobs in this country. >> reporter: the back and forth is unsettling for the nation's governors, democrats and republicans came to washington tuesday with one message. >> you've got the to come together and get this done. >> reporter: and better do it quickly because
a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on...
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence...
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Dec 5, 2012
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cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is on the tax revenues. you can tax every millionaire 100% and run the government for two or three months. this is a spending driven crisis and it has to be solved on the spending side. until the president gets serious about it, i'm not sure what there is to talk about, soledad. >> i'm not sure that the only conversations have just been on the tax side. i actually think there have been conversations on both. at this moment, right, we're going over or toward the fiscal cliff. if you do nothing, all of our taxes are going up. why not, as a first move, say, listen, nobody at this point wants to raise taxes
cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is...
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fiscal cliff negotiations. the white house started a hash tag, my 2 k which refers to the $2,000 the average middle class american will pay in taxes if a deal is not reached. >>> that's how he gets it done, like the rest of us, huh? >> doing it himself. >>> a health scare for a former child star. a stroke that landed frankie muneasy in the hospital. >>> did you know there's a black friday at your doctor's office? why the date of your appointment matters so much. >>> and new this afternoon, a big break in the case of a man pushed to his death on theew york subway. plus, the backlash against the photographer who captured the victim's final moments. >>> a young star in hollywood is recovering today from a stroke. frankie muneasy suffered what he called a mini stroke. the malcolm in the middle star said, he was in the hospital last week, that he needs to start better care of his body and that the whole thing made him feel old. he turns 27 today. >>> at the end of the year, most health care providers are trying to c
fiscal cliff negotiations. the white house started a hash tag, my 2 k which refers to the $2,000 the average middle class american will pay in taxes if a deal is not reached. >>> that's how he gets it done, like the rest of us, huh? >> doing it himself. >>> a health scare for a former child star. a stroke that landed frankie muneasy in the hospital. >>> did you know there's a black friday at your doctor's office? why the date of your appointment matters so much....
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Dec 6, 2012
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. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in-- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids, knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy, whe
. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in...
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the slow drag of the end of the fiscal cliff, most parties would like americans to think that they have political parachutes but neither democrats or republicans want to take that plunge. how to achieve a center, bob casey is joining me. and then iran claiming that they have an american drone in its possession and how america is e debunking that claim. >>> and michelle obama, does she have aspirations beyond the mom in chief? lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. >>> hi, everybody. i'm thomas roberts. topping the agenda, looking for a few good allies. the nation's top executive meeting with top ex
the slow drag of the end of the fiscal cliff, most parties would like americans to think that they have political parachutes but neither democrats or republicans want to take that plunge. how to achieve a center, bob casey is joining me. and then iran claiming that they have an american drone in its possession and how america is e debunking that claim. >>> and michelle obama, does she have aspirations beyond the mom in chief? lets you hear it... in your heart. [ basketball bouncing ]...
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. >>> up next, fiscal cliff futility. in 28 days, crippling tax hikes and spending cuts become a painful reality for every american if a deal does not get done. republicans are offering up a counter proposal to what the president offered a counter proposal that calls for $2.2 trillion in deficit savings. it includes $800 billion in tax reforms, 600 billion in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or specifics about which loopholes will be eliminated, the president immediately rejected the republican proposal. want to know how far apart democrats and republicans are? listen to this. >> i think we're going over the cliff. >> it's unfortunate the white house has spent three weeks doing basically nothing. >> what we can't do is sit here trying to figure out what works for them. >> the president's idea of negotiation is roll over and do what i ask. >> it's clear to me they made a political calculation. if their ideas are different from ours, we can'
. >>> up next, fiscal cliff futility. in 28 days, crippling tax hikes and spending cuts become a painful reality for every american if a deal does not get done. republicans are offering up a counter proposal to what the president offered a counter proposal that calls for $2.2 trillion in deficit savings. it includes $800 billion in tax reforms, 600 billion in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or...
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Dec 6, 2012
12/12
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. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business executives, calling for a balanced approach combining taxes with cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. pol
. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business...
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Dec 5, 2012
12/12
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WETA
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more tough talk today from washington on the fiscal cliff: treasury secretary timothy geithner said he's willing to go over it if republicans don't agree to tax hikes for the wealthiest americans. president obama said basically the same thing but added one more hard line to the negotiations. >> if congress in any way suggests that they're going to tie negotiations to a debt ceiling vote and take us to the brink of default once again, as part of a budget negotiation-- which, by the way, we have never done in our history until we did it last year-- i will not play that game. >> late today the president spoke by telephone with house speaker john boehner. no specifics on what they said to each other, but it was their first conversation in a week. eventually the two sides will get down to bargaining over specifics, including entitlements. one idea may be to change the way the government measures inflation. that may sound like a small change, but, as darren gersh reports, it could have a big impact. >> reporter: if the price of oranges goes up, consumers will buy apples and other cheaper foods
more tough talk today from washington on the fiscal cliff: treasury secretary timothy geithner said he's willing to go over it if republicans don't agree to tax hikes for the wealthiest americans. president obama said basically the same thing but added one more hard line to the negotiations. >> if congress in any way suggests that they're going to tie negotiations to a debt ceiling vote and take us to the brink of default once again, as part of a budget negotiation-- which, by the way, we...
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Dec 1, 2012
12/12
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. >> arthel: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue reforming the tax code to close loopholes and lower tax rates. that's far better for the economy. >> the clock is ticking. the year is ending. it's really important with tax legislation for it to happen now. we're calling upon the republican leadership in the house to bring this legislation to the floor next week. >> arthel: let's bring in steve centanni with more. >> as you can see, the two sides are taking strong stands on principle, but aren't really getting any closer to a compromise as we speed toward that fiscal cliff. the president hit the road appearing at a pennsylvania toy factory yesterday and appealing f
. >> arthel: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue reforming the tax...
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Nov 29, 2012
11/12
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CNBC
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up 42 points on the dow. >> how are the wealthiest americans preparing for a possible fall off that fiscal cliff? we'll look at that next. >>> also, chevron ceo is warning a fall off that cliff would have major ramifications for his business. we'll hear from him exclusive later on "the closing bell." stay tuned. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing
up 42 points on the dow. >> how are the wealthiest americans preparing for a possible fall off that fiscal cliff? we'll look at that next. >>> also, chevron ceo is warning a fall off that cliff would have major ramifications for his business. we'll hear from him exclusive later on "the closing bell." stay tuned. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade,...
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Dec 3, 2012
12/12
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." >>> could going over the fiscal cliff be just what washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very good morning to you. i'm veronica de la cruz. one solution being heard more and more about solving the nation's financial showdown could be actually allowing the deadline to pass and letting america go over the fiscal cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal ri
." >>> could going over the fiscal cliff be just what washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very...
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Dec 3, 2012
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they say if we go off the fiscal cliff, most americans believe it will be the republicans' fault. the one thing about the president and the mandate, yeah, he won, but the redstone straights have never been redder. the purple states, he got only a two point bump after winning reelection, which is historically low. clinton got 19. >> gretchen: here is an interesting point, really why would democrats not want to go off the cliff? because they actually agree with everything about going off the cliff, other than raising taxes on the middle class, which would be about $2,000 per family. people making under $250,000. they agree with military cuts. they agree with increasing estate taxes. they agree with increasing taxes on people who make more than $250,000. they agree with basically everything in this entire fiscal cliff. >> brian: they don't agree with a lot of the domestic cuts in programs that will be going to the states. there's a loft cuts in there and the bottom line is if this happens, we more than likely will go into a recession. how can he blame the next recession on george bus
they say if we go off the fiscal cliff, most americans believe it will be the republicans' fault. the one thing about the president and the mandate, yeah, he won, but the redstone straights have never been redder. the purple states, he got only a two point bump after winning reelection, which is historically low. clinton got 19. >> gretchen: here is an interesting point, really why would democrats not want to go off the cliff? because they actually agree with everything about going off...
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Dec 1, 2012
12/12
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what a lot of progressive left wing people want, he's saying the best option we have is the fiscal cliff to go over. they are saying they get all the defense cuts they want secretly they want to raise taxes on everybody and then they blame republicans. meanwhile, the country is suffering. i don't want to see 50 million people on food stamps. i don't want to see 25 million under and unemployed americans. >> the president doesn't want that to happen either. let's hope that some -- maybe like nixon in vietnam, maybe he has a secret plan, i don't know. people should not buy in idea that this is not a serious moment in history, it is. >> sean: bob woodward, good to see you. your book is being written as we speak. >> next our good friend texas congressman louie gohmert on what the republicans' biggest bargaining chip is in these fiscal negotiations. we continue to examine parallels between the 90 -- the -- and the feel good story of the week incredible act of kindness goes viral. new information from the person behind the camera that took that picture about that cop that gave that homeless man
what a lot of progressive left wing people want, he's saying the best option we have is the fiscal cliff to go over. they are saying they get all the defense cuts they want secretly they want to raise taxes on everybody and then they blame republicans. meanwhile, the country is suffering. i don't want to see 50 million people on food stamps. i don't want to see 25 million under and unemployed americans. >> the president doesn't want that to happen either. let's hope that some -- maybe...
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Nov 30, 2012
11/12
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CURRENT
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he's making a speech on the impact the fiscal cliff would have on americans at home. secretary of state clinton is warning not eaching a budget deal would have an impact on global economy global security. she gave a speech at the brookings institute yesterday and said she's hearing concerns from other countries about the choices we're making when it comes to the economy and it's essential that lawmakers in washington make a meaningful deal. we're back after the break. stay with us. i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a to
he's making a speech on the impact the fiscal cliff would have on americans at home. secretary of state clinton is warning not eaching a budget deal would have an impact on global economy global security. she gave a speech at the brookings institute yesterday and said she's hearing concerns from other countries about the choices we're making when it comes to the economy and it's essential that lawmakers in washington make a meaningful deal. we're back after the break. stay with us. i want to...
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Dec 7, 2012
12/12
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. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives awe sense of the costs involved in very personal terms. >> now, from the republican perspective they say they would like to close some loopholes and eliminate tax breaks but they insist that the bush-era tax cuts must be extended for all americans. >>> new at 11:00, president obama on the phone with the president of egypt, pressing him about protests that have now turned deadly. here's the scene in cairo. at least six people dead, hundreds more injured. the trouble all started when morrisey granted himself broad new powers. hat grown worse after he put in plac
. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...
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Dec 6, 2012
12/12
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still no deal between republicans and the president to avoid the so-called fiscal cliff. speaker john boehner spoke by phone yesterday. visit a northern virginia family today to highlight his call to extend current tax rates to 98% of americans. the two sides are at a stalemate over raising taxes on incomes more than $250,000 a year. however, house majority leader erik canter says the go p is ready to quote talk specifics. >> the serian army has loaded deadly gas into aerial bombs. something president obama has strongly warned against. the military is waiting for orders from the president to deploy the chemical weapons. this morning a blast hit the headquarters as fierce fighting rages in the suburbs. the german government approved sending air defense to boarders. >>> and in egypt, violent crashes led to 40 deaths and injuries. up until now the muslim brother hood which supports president morsi and protestors have demonstrated in different areas. the two sides resorted to rocks , fire bombs and they even fired shots at each other. right now tanks are outside the president
still no deal between republicans and the president to avoid the so-called fiscal cliff. speaker john boehner spoke by phone yesterday. visit a northern virginia family today to highlight his call to extend current tax rates to 98% of americans. the two sides are at a stalemate over raising taxes on incomes more than $250,000 a year. however, house majority leader erik canter says the go p is ready to quote talk specifics. >> the serian army has loaded deadly gas into aerial bombs....
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Dec 5, 2012
12/12
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CNNW
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a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been that way and it's time for both sides to sit down together. >> it's time now to sit across the table from one another rather than me saying what i could accept and wouldn't accept, why don't we have the president and our leaders, republican and democrat, sit across the table the way they did with bill clinton, the way they did with ronald reagan, and the way you get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the eleph
a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been...
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Nov 30, 2012
11/12
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CURRENT
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the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth of stimulus spending next year. now, it doesn't promise $400,000,000,000 worth of spending cuts but congressional republicans call the deal unbalanced and unreasonable and saying there is not enough spending cuts and reforms. the one good piece of -- piece of good news to the white house on this is it shows president obama is opening strong not conceding. we will be right back. arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. i want this show to have an impact beyond just informing. an impact that gets people to take a
the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth of stimulus spending next year. now, it doesn't promise...
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Dec 7, 2012
12/12
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economy. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >>
economy. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt...
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Dec 1, 2012
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would occur after the fiscal cliff deadline. the senate will organize itself at the start of the new year. so boehner's making threats that really have very, very little to do with reality. unfortunately, that seems like a lot of his approaches to this whole fiscal cliff debate. >> john nichols, great to have you with us. >>> there's a lot more coming up in the next half hour of "the ed show." stay with us. >>> we are a country of unlimited opportunity. we want the world's best and brightest to come here. >> house republicans pass an immigration bill. xavier becerra calls divisive and inferior. he's here to explain why, next. >>> the nation's first fast food strike is a historic protest for workers rights. the workers are fighting back and we'll tell you what it's all about. >>> and the white house debuts their first beau obama christmas video. but how does it stack up to b barney cam? >> you're going to have to learn about the national parks if you want to be a junior park ranger. of washington about the future of medicare and
would occur after the fiscal cliff deadline. the senate will organize itself at the start of the new year. so boehner's making threats that really have very, very little to do with reality. unfortunately, that seems like a lot of his approaches to this whole fiscal cliff debate. >> john nichols, great to have you with us. >>> there's a lot more coming up in the next half hour of "the ed show." stay with us. >>> we are a country of unlimited opportunity. we want...
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Dec 6, 2012
12/12
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cliff, raising tax rates on the richest americans for them is still off the table. >> the revenues on the table are coming from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that can pass both chambers of congress. >> joining me now is former vermont governor howard dean and msnbc's krystal ball. governor dean, our treasury secretary is a very carwful speaker. when asked if they're prepared to go off the cliff, his first word was absolutely. there was nothing, nothing could be more clear that this administration means what they say about getting what they want at this point. >> yeah. the only problem is -- this is a little initially going to team like heresy, the truth is everybody needs to pay more taxes, not just the rich. that's a good start. we won't get out of the problem to raise
cliff, raising tax rates on the richest americans for them is still off the table. >> the revenues on the table are coming from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that can pass...
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Dec 6, 2012
12/12
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WBAL
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cliff. treasury secretary tim geithner says the administration will allow the nation to be slammed by tax hikes and spending cuts in the new year if the republicans do not agree to raise taxes on wealthy americans. the gop slammed geithner's comments as, quote, irresponsible. >>> a new york city homeless man has been charged with second-degree murder in the death of a man pushed in front of a subway train. 30-year-old naeem davis being held without bail. he has several prior arrests and served two years in prison for robbery. on wednesday, the victim's family spoke out. his daughter said she wishes someone would've helped her father off the tracks, but said, quote, what's done is done. >>> a candle light vigil in evansdale, iowa. on wednesday, hunters discovered two bodies that are believed to be missing cousins 11-year-old lyric cook and 9-year-old elizabeth collins. they were last seen in july. they disappeared while riding their bikes. >>> kate, the duchess of cambridge has left the hospi
cliff. treasury secretary tim geithner says the administration will allow the nation to be slammed by tax hikes and spending cuts in the new year if the republicans do not agree to raise taxes on wealthy americans. the gop slammed geithner's comments as, quote, irresponsible. >>> a new york city homeless man has been charged with second-degree murder in the death of a man pushed in front of a subway train. 30-year-old naeem davis being held without bail. he has several prior arrests...
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Dec 2, 2012
12/12
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deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a nonstarter. when you went up there, you didn't think republicans were going to go "good idea." >> you know, what we're trying to do is get these guys to come together and reach an agreement that's going to be good for the country and good for the economy. >> by these guys you mean you all and the republicans. >> and democrats together. >> and the white house. >> that's what we're trying to do. what we did was put forward a very comprehensive, very carefully designed mix of savings and tax reforms to help us put us back on the path to stabilizing our debt and fixing our debt and living within our means. we've been very
deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a...
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Nov 30, 2012
11/12
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up next, from burritos to the fiscal cliff, a little food for thought in our american made series. we have the president of moe's southwest grill. "squawk box" is back right after this. >>> checking the futures now, they will probably see a bit of an opening move higher. see if anyone talks. today more on what's moving the markets this morning frin a coue of minutes. peter is very quick on the gun, as you can see. i think i saw it from peter that mitch mcconnell was laughing yesterday and i saw boehner. comes out immediately. at the end of the week he goes back and says this is what was good about the week this is what was bad. we will get the comments firsthand. >> are american made company today is sizzle. 2012. pretty spicy profits. paul davaco, president of moe's southwest grill joins us. good morning, paul. >> good morning. how are you? >> let's talk about how -- how is business and what is -- how business is at your franchise and your company telling us about the health of the consumer? >> the business today could not be better. our comps are up over 8% over last year. and to
up next, from burritos to the fiscal cliff, a little food for thought in our american made series. we have the president of moe's southwest grill. "squawk box" is back right after this. >>> checking the futures now, they will probably see a bit of an opening move higher. see if anyone talks. today more on what's moving the markets this morning frin a coue of minutes. peter is very quick on the gun, as you can see. i think i saw it from peter that mitch mcconnell was laughing...